because it seems it is not that hard to get Economy PHD.
Althogh it is easier to get in PHD program in Econ, getting a PHD degree in Econ is at least as hard as getting a PHD in business, so it is definitely not a easy job even for econ major students!!!
I agree, no PHD is easy to get assuming you are going to a decent school. That is why this story is so sad. people work their rear-end off, only to find there is no job for them...